The INCA Project in Chile covers an area of historic copper, gold and molybdenum mines and lies adjacent to a recent copper-gold-moly discovery by Codelco (see below), the world's largest copper miner. SAMEX is currently evaluating and exploring the area in preparation for drilling.
The SAMEX INCA project is situated
adjacent to Codelco's recent discovery (Codelco Drilling Area 1 above) at Inca de Oro, Chile. The
discovery is described in the Codelco 2005 Annual Report (page 40) as
follows: "Under basic exploration the most relevant result was the discovery of
a new orebody in Inca de Oro, estimated to contain 350 million tons of ore
with a grade approaching 0.6% of copper equivalents (Cu, Au, Mo, Ag). This deposit, ... is currently undergoing advanced exploration to identify
the extent of the orebody during the first half of 2006."
